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Did it kill price competition?

My anecdotal observation is that there are more cheap phone plans now than, say, five years ago.

It seems to have created a two-tier system.

You can get a "real" monthly plan from AT&T, Verizon, or T-Mobile for $50/month with unlimited data and prioritization.

Or you can get a prepaid plan with data caps and no prioritization for $15 - 25 / month.

US Mobile has prioritized data.

Same. I can get an unlimited prepaid plan at $25/mo on AT&T. I remember unlimited plans being like $70 when Sprint was around.